Lumen (LUMN) Concludes Debt Deal, Focuses on Transformation [Yahoo! Finance]
Lumen Technologies, Inc. (LUMN)
Company Research
Source: Yahoo! Finance
In November 2023, the company entered into a debt-restructuring agreement with a set of creditors holding $7 billion in debt. Again, in January 2024, Lumen entered into an amended and restated TSA with a wider group of creditors. The company, during fourth-quarter 2023 earnings results, highlighted that the restated agreement, which, when completed, will address maturities of $9 billion of debt (which includes more than 77% of debt maturing through 2027). Lumen Technologies, Inc. Price and Consensus Lumen Technologies, Inc. price-consensus-chart | Lumen Technologies, Inc. Quote LUMN now has a strong liquidity position, which includes the closing of a new $1 billion revolving credit facility (maturing in June 2028) and completion of the private placement of $1.325 billion principal amount of senior secured notes (maturing November 2029). Looking at the company's maturity debt profile, total maturities outstanding for 2025 to 2026 have reduced to $600 million from $2.1 billio
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LUMN
News
- Best Internet Providers in Naperville, Illinois [CNET News]CNET News
- Lumen (LUMN) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates [Yahoo! Finance]Yahoo! Finance
- What to Expect Ahead of Lumen's (LUMN) Q1 Earnings Release [Yahoo! Finance]Yahoo! Finance
- Multistate 911 outage shows fragility of systems, experts say [MSNBC.com]MSNBC.com
- Dataprise Appoints Nima Khamooshi as Vice President of Cybersecurity to Strengthen Preeminent National MSSP BusinessPR Web
LUMN
Earnings
- 2/6/24 - Beat
LUMN
Sec Filings
- 4/8/24 - Form 4
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- LUMN's page on the SEC website